Date:10/01/2009 URL: http://www.thehindu.com/2009/01/10/stories/2009011055721600.htm

Business

MMTC to abort SEZ joint venture with Maytas

MMTC has decided to drop its joint venture SEZ plan with the two Maytas firms promoted by B. Ramalinga Raju’s family after surfacing of the multi-billion fraud. The formal approval for aborting the plan is expected on January 16 from the MMTC board, PTI reports quoting MMTC Chairman.